POSTED BY November 20, 2011 8:38 am COMMENTS (3)ON
Due to my laziness to think before making a decision on investment, I ended up choosing Wealth Plus and Market Plus 1 as investments options in monthly payable mode. To be honest, these two investments were not made keeping insurance as top priority, as I have a term insurance, which is a good coverage. Looking at the fund management charges and other fees, I realized that it would have been much better to invest the same money in a Equity Diversified / Balanced Mutual Fund, where there would be no deductions as charges and fees. Now I am in a dilemna, whether to continue to pay or discontinue
I would request you to kindly let me know, what would happen if I discontinue with these investments right away, even before 3 years from the commencement date. Secondly, if I choose to stop after 3 years, would it be prudent to withdraw the money after paying for 3 years, or contine to hold the investment, without paying.
I look forward for your valuable suggestions.